Stock Market & Financial Investment News

Audience acquires Sensor Platforms for $41M in cashAudience announced that it has signed a definitive agreement to acquire Sensor Platforms for consideration consisting of $41M of cash. Sensor Platforms develops software and algorithms that interpret sensor data to enable context awareness on smartphones, wearables and other consumer devices. Closing is subject to customary conditions and is expected to be completed after June 30. Audience anticipates that it will update its expectations for future financial results that incorporate Sensor Platforms after the closing of the acquisition.